A report by Michael Wolff that The Daily Beast lost $100 million dollars during Tina Brown’s time as editor, is “wildly inaccurate,” a spokesman for the publication told TheWrap on Thursday.
“Those numbers are wildly inaccurate,” said the Daily Beast spokesman.
In a scathing takedown of Brown in GQ UK magazine, Wolff wrote with what some might call breathless schadenfreude:
“She oversaw the loss of $100m (£60m) on the Daily Beast… One hundred million dollars! In its five struggling years, the Daily Beast, may never have taken more than $3m in revenue a year. And yet it lost $100m.”